Watson ponders partial Warriors
Warriors owner Eric Watson may yet retain a small stake in the Penrosebased franchise.
Auckland businessman Paul Davys is the favourite to buy the Warriors outright, but he and Watson are still in negotiations and considering various partnership options.
The Herald understands Watson is unsure if he wants to sever all ties with the club and is considering whether to make a complete sale or sell Davys a share and stay on as a partner.
“Everything’s a possibility,” Davys said of a potential partnership with Watson. “At this stage it’s just myself but more will be announced. We’re still in negotiations so it may not even come to a deal. I don’t know, I’m just hoping it does, so that’s where I’m at.”
The Warriors are understood to be worth between $15 and $20 million and it is unclear whether Davys has the capital to fund the purchase of the club himself or whether he requires financial backing from a third party.
“Mate, I tell you what, I’m happy that it’s raining at the moment,” he said. “I’m going to follow the end of that rainbow and see if there’s a pot of gold to pay for it.”
Davys is confident a deal will be struck within the next week and said it would be of no benefit to either party if negotiations were to drag on.
“For me, if we haven’t finalised an agreement, I’d say it would be in mine and the club’s best interests that I move on so that we give people clarity in what they’re doing.”
Uncertainty hangs over what a change in ownership could mean for the club’s man-